New defaults for delinquent homeowners association dues have engulfed a troubled downtown San Jose housing tower.
SAN JOSE — New defaults for delinquent homeowners association dues have engulfed a troubled housing tower in downtown San Jose whose future is tangled in multiple legal webs.
In April, nine condominium units were auctioned for a jaw-dropping average price of $31,900 in an effort by a homeowner’s association to recoup unpaid maintenance fees. In the latest battle over the towers, the 188 West St. James Homeowner Association has filed default notices against the owner of the western tower, claiming the owner fell behind on payments for maintenance fees, causing the dues to become delinquent, according to documents filed on July 18 with the Santa Clara County Recorder’s Office.
Nationwide Reconveyance, a trustee for the 188 West St. James homeowners association, auctioned off nine condos with delinquent maintenance dues. The proceeds from the auction were slated to cover at least some, or even all, of the dues that FPP MB, the Z&L affiliate, owes. A tenth condo went to the homeowners association.
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